Prices are approaching support at 0.7836, the 23.6% Fibonacci retracement, after finding resistance at 0.8060. Negative RSI divergence hints a near-term top may be in the works. A break downward exposes the 38.2% Fib at 0.7686.

8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com